The Level and Composition of Consumption Over the Business Cycle: The Role of "Quasi-Fixed" Expenditures
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We study how the level and composition of household expenditures changes over the business cycle for households at different positions in the income distribution. Using data from the Consumer Expenditure Survey, we find that transitory, state-specific increases in unemployment causes lower income
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美国国家经济研究局创建时间：
2006-07-01
